ECONOMIC SURVEY 2016: HIGHLIGHTS

Increase in wages recommended by the 7th Pay Commission not likely to destabilise prices, will have little impact on inflation

Current account deficit 1.5%

7.6 per cent economic growth rate in 2015-16

Foreign exchange reserves have risen to US $ 349.6 (Jan-2016)

India’s long run potential GDP Growth is substantial, about 8 to 10%

Fiscal deficit target of 3.9 per cent seen achievable

Low inflation has taken hold and confidence in price stability has improved

Services continues to be key driver; expected to be 9.2% in 2015-16

Informal sector has created jobs and keeping unemployment low

Schemes such as Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY), and the Atal Pension Yojana(APY), � were launched in 2015 in the insurance and pension sectors for creating a universal social security system for all Indians, especially for the poor and the underprivileged

India can become the leading investment destination owing to its robust macroeconomic fundamentals

Reform package for the fertilizer Sector

Rates of 8% or higher possible in next 2 years, given macroeconomic stability

Indian Equity market relatively resilient compared to other major emerging market economies

Impressive strides made in the power sector in the last two years

India ranks first in milk production, accounting for 18.5% of world production